While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
EURO...there are resting sell stops below 117.54. Electing those stops should lead to a test of the mid 116's.
EUR/AUD...as long as this remains below it's 200 DMA @ 145.40, this cross will remain a viable way to be short Euro.
144.32 is unchanged on the week. Closing below this level should leave way to running the 142.26 Monthly sell stops.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.